AMX - Ampella Mining

[thegooch]

Chartwise and fundementally with POG rising, amx looks set to move higher again.

Looking for it to take out the 62c mark this week.

Keep an eye on that 75c level. If it breaks that in the coming weeks, i think we're going to see a sizable move back over $1 mark.

Going for a nice big marubozu candle today.

Setting up for another crack at 63c.

The next price objective would then be 80c looking at the chart ?

Plenty of strong tail winds now in place to propell this one higher. QE3, 46000 samples to be assayed before NOV, gold making an strong move in the last week. Risk-on trade back in fashion for the second half of this year imo

 

[Boggo]

Chartwise and fundementally with POG rising, amx looks set to move higher again.
Looking for it to take out the 62c mark this week.
Keep an eye on that 75c level. If it breaks that in the coming weeks, i think we're going to see a sizable move back over $1 mark.

Going for a nice big marubozu candle today.
Setting up for another crack at 63c.
The next price objective would then be 80c looking at the chart ?

Not quite seeing what you are seeing gooch, this is still in a downtrend but just showing signs of a potential bottom.

Would be interested in seeing the chart that you are referring to.

Two charts below, first is AMX as it was last Friday 7th, second is that of SLX, also last Friday, which has had a similiar slide but displays a good example of what is needed on AMX to highlight a trend reversal.
AMX needs that sucker (bottom picker) upturn and then a test with a higher low to really begin a trend reversal.

(click to expand x 2)

 

[thegooch]

Not quite seeing what you are seeing gooch, this is still in a downtrend but just showing signs of a potential bottom.

Would be interested in seeing the chart that you are referring to.

Two charts below, first is AMX as it was last Friday 7th, second is that of SLX, also last Friday, which has had a similiar slide but displays a good example of what is needed on AMX to highlight a trend reversal.
AMX needs that sucker (bottom picker) upturn and then a test with a higher low to really begin a trend reversal.

(click to expand x 2)

Not just pure charts here .

Some fundamental drivers to consider:

1. 12 months worth of news due before nov. plenty of top shelf results likely

2. QE3 likely = risk-on


Charts are a context , not a catalyst.

 

[Boggo]

Going for a nice big marubozu candle today.

Setting up for another crack at 63c.

The next price objective would then be 80c looking at the chart ?

The chart that you referred to above was my request.

Not just pure charts here .

Some fundamental drivers to consider:

1. 12 months worth of news due before nov. plenty of top shelf results likely

2. QE3 likely = risk-on

Some examples of the behaviour of the people who produce fundamentals, I would trust a chart first anyday.
http://www.smh.com.au/business/its-a-dog-eat-blog-world-out-there-20120907-25jv1.html

Charts are a context , not a catalyst.

Charts are the reality at any point in time.

 

[thegooch]

The chart that you referred to above was my request.




Some examples of the behaviour of the people who produce fundamentals, I would trust a chart first anyday.
http://www.smh.com.au/business/its-a-dog-eat-blog-world-out-there-20120907-25jv1.html





Charts are the reality at any point in time.

When explorers release news flow or macro economic news changes , that is what dicates where the chart goes .

THAT is reality.

Don't confuse charts as being a self fulfilling prophecy. When share prices move , there is always an underlaying fundemental reason for it, whether it be in the micro or macro sense.

Questions is whether or not you know what that reason is at any point in time.

 

[Joules MM1]

When explorers release news flow or macro economic news changes , that is what dicates where the chart goes .

THAT is reality.

Don't confuse charts as being a self fulfilling prophecy. When share prices move , there is always an underlaying fundemental reason for it, whether it be in the micro or macro sense.

Questions is whether or not you know what that reason is at any point in time.

there's some truth in that....some.......of course a lot of the news is already factored in and then you get some great news and price heads south because the major money already sold into the weak moneys buying and then you get a buying spree as the major money buys all the weak hands supply on what should have been a sell-the-news moment.......hence the confusion so read on many forums......my guess is you dont know most of the time where price is going and you spend most of your time reacting to rather than being ahead of price.....which is why you kept buying a falling knife over the last 12 months........on this site many people actually know what theyre doing.......welcome aboard

 

[thegooch]

there's some truth in that....some.......of course a lot of the news is already factored in and then you get some great news and price heads south because the major money already sold into the weak moneys buying and then you get a buying spree as the major money buys all the weak hands supply on what should have been a sell-the-news moment.......hence the confusion so read on many forums......my guess is you dont know most of the time where price is going and you spend most of your time reacting to rather than being ahead of price.....which is why you kept buying a falling knife over the last 12 months........on this site many people actually know what theyre doing.......welcome aboard

I'm still averaging up on AMX mate and regularly trade in and out to accumulate more without putting in more $$

No knife catching here mm1, just prudent accumulation.

Sure, I've paid too much for some parcels in the last 18months and they long since been stopped out.

Total AMX holding still up at 450% with average buy price.

Will think about selling around 2000% margin.

"on this site many people actually know what theyre doing....."

I'll judge the merit of that statement in due course.

 

[Boggo]

When explorers release news flow or macro economic news changes , that is what dicates where the chart goes .

THAT is reality.

Actually it works the other way round in the majority of cases, news is usually old news by the time it is released to the unwashed.

 

[prawn_86]

I'm still averaging up on AMX mate and regularly trade in and out to accumulate more without putting in more $$

No knife catching here mm1, just prudent accumulation.

Sure, I've paid too much for some parcels in the last 18months and they long since been stopped out.

Total AMX holding still up at 450% with average buy price.

Will think about selling around 2000% margin.

"on this site many people actually know what theyre doing....."

I'll judge the merit of that statement in due course.

Please note that if you are to post your buys and sells they need to be done as close as possible to real time, otherwise anyone can say anything about their profits. Alternatively feel free to send through a broker statement fror a mod to verify.

Please also provide analysis as to why you think this stock can move 2000%. That is a very specific number and we are yet to see any specific numbers and data to support that analysis other than very generic analysis such as gold price going up, or QE3 risk on... Please show us how an increased gold price (or any of the other basic comments you have made) should equate to a 2000% increase in this companies price.

I dont have time to do the calcs, but is it even possible to have made 450% in this down trend??? Especially through "accumulation"

Further posts not containing analysis will be removed and infracted.

If members wish to discuss the benefits of TA vs FA we have numerous threads for that, so please keep this one for AMX.

Thanks

 

[thegooch]

Actually it works the other way round in the majority of cases, news is usually old news by the time it is released to the unwashed.

Thats a very cynical view.

Insider trading has never been evident in AMX. A reflection of quality management.

 

[thegooch]

Please note that if you are to post your buys and sells they need to be done as close as possible to real time, otherwise anyone can say anything about their profits. Alternatively feel free to send through a broker statement fror a mod to verify.

Please also provide analysis as to why you think this stock can move 2000%. That is a very specific number and we are yet to see any specific numbers and data to support that analysis other than very generic analysis such as gold price going up, or QE3 risk on... Please show us how an increased gold price (or any of the other basic comments you have made) should equate to a 2000% increase in this companies price.

I dont have time to do the calcs, but is it even possible to have made 450% in this down trend??? Especially through "accumulation"

Further posts not containing analysis will be removed and infracted.

If members wish to discuss the benefits of TA vs FA we have numerous threads for that, so please keep this one for AMX.

Thanks

"I dont have time to do the calcs, but is it even possible to have made 450% in this down trend??? Especially through "accumulation"

Who said it was made during the downtrend ? not me....

Send detail to a mod to verify ?? No thanks , i'll keep that info to myself thanks. Not a good idea to share that kind of info on the internet. Capiche?

I would've posted when i'd orginally bought , but that was 4 or so years ago. Wasn't a member then sorry.

"Please also provide analysis as to why you think this stock can move 2000%"

I didn't day it would go up 2000%. I said I would close my own personal amx position if it was up 2000% .

I have also provided several charts and other fundemental reasons like near term release of overdue drill results on this thread to support my statements.

I guess you have to read the whole thread to gather the right context.

But that alot of reading isn't it.

 

[prawn_86]

I still fail to see any significant contribution or analysis from yourself which can justify such a bullish position, especially on the back of such a downtrend. Simply saying macro gold prices are going up, or more assays are coming in doesnt justify a 2000% price increase. I'm you want some good examples of fundamental analysis we are seeking check out threads such as BAS or CTP (just examples of good analysis)

If my calcs are correct then for you to be currently up 450% you must have bought around the 13c mark, or have an average overall price of 13c. Last time the price was there was March 2009, even if this is the case (which i doubt) then you have given up over 2000% profit since the absolute high. Why didnt you sell out at your mythical 2000% figure back then instead of watching it all evaporate?

 

[Boggo]

I have also provided several charts and other fundemental reasons like near term release of overdue drill results on this thread to support my statements.

Where ?

Apart from copying one of mr jeff's I haven't seen any of yours on this AMX thread.

End of wasting my time on this discussion

This was your post on 14th April when it was over $1.0, fantastic errr analysis...

Jeff - have you ever considered that the high volume is generated by the same entity buying and selling back and forth to itself? The purpose being to manufacture negative sentiment in the stock ? Its called stacking the depth, planting parcels on both sides on the depth, trading back and forth , but tending the bias downward to give the illusion of a sell down. The same entity also front runs the stock with shorts and uses the same techinique to pick up larger stop loss parcels on the way down.

So the techinique achieve 3 things:

1. negative sentiment (people start setting stops in place)
2. drop the price and accumulate the stop losses and panic sellers
3. short the stock at the same time to fund the whole exercise and make $$ all the while.

Who and why do this ? - who - a holding company ,why- they are acting on behalf of a suitor, looking to procure a corner-stone investment to strenghen their case once a bid is put forth.

All the evidence is there on a day to day basis.

Look at the weekly volumes - if thats someone selling down , there would've been a change in substantial holding by now , only a substantial holder would have enough shares to sell down that many per week .

At any rate , a tracing notice would have been initiated by now, so management will know soon enough what the game is .

I see big opportunity here. Wait and see.

 

[thegooch]

Where ?

Apart from copying one of mr jeff's I haven't seen any of yours on this AMX thread.

End of wasting my time on this discussion

This was your post on 14th April when it was over $1.0, fantastic errr analysis...

I believe AMX will continue to rally from the low of 35c ,based on the following:

1. backlog of drill results to be cleared by end of OCT (about 12 months worth, courtesy of the new prep lab)

2. Likely monentary easing across the globe to improve capital markets. Positive for gold junoirs on the cusp of development.

3. Chart is showing a strong indication of a bottom ( when read in the CONTEXT of the above fundementals )

I have stated all of the above points in this thread already.

Share price currently 57.5c - Who's buying ? who's shorting ? and who's sitting out ?

Take it or leave it gents. Not trying to push the stock onto anyone , just highlighting an opportunity to make some $$. I feel the case is compelling to say the least.

We'll check back here in a few months and see who made the right call on AMX .

Best of luck gents.

My last post for a while . Happy trading

 

[Boggo]

I believe AMX will continue to rally from the low of 35c ,based on the following:

1. backlog of drill results to be cleared by end of OCT (about 12 months worth, courtesy of the new prep lab)

2. Likely monentary easing across the globe to improve capital markets. Positive for gold junoirs on the cusp of development.

3. Chart is showing a strong indication of a bottom ( when read in the CONTEXT of the above fundementals )

I have stated all of the above points in this thread already.

Share price currently 57.5c - Who's buying ? who's shorting ? and who's sitting out ?

Take it or leave it gents. Not trying to push the stock onto anyone , just highlighting an opportunity to make some $$. I feel the case is compelling to say the least.

We'll check back here in a few months and see who made the right call on AMX .

Best of luck gents.

My last post for a while . Happy trading

Still waiting for that elusive chart that you keep referring to gooch !
In the meantime here is my daily with a couple of "look at me" signals, the weekly is flat.

(click to expand)

 

[Boggo]

If it can get past 63 then next target is mid 70's
Just my

(click to expand)

 

[Family_Guy]

So, taking charts away for just one moment, can anyone explain a 15c or roughly 25% drop in AMX in a couple of days when from what i understand (very basic) the drill results were ok? Or are/were we expecting better results?

Cheers
Peter Griffen

 

[jancha]

Just wondering if the The Gooch is still around??

Fantastic buying opportunity it would seem as a year ago this was heading for blue skies.

Did you make 2000% or are you still accumulating?

 

[System]

On April 11th, 2014, Ampella Mining Limited (AMX) was removed from the ASX's official list at the request of the Company, following the compulsory acquisition by Centamin West Africa Holdings Limited.